Gold futures settled higher on Thursday, putting an end to a four-session losing streak. “A combination of economic concerns, high inflation, and a dip in risk appetite on the Kremlin comments have contributed to the spike in the yellow metal,” said Craig Erlam, senior market analyst at OANDA. “At least two of these aren’t going away any time soon and there’s nothing predictable about the actions of [Russian President] Vladimir Putin so gold should remain relatively well supported for some time yet. That may not mean we’re hitting record highs but it should limit the downside to some extent.” April gold rose $34, or 1.8%, to settle at $1,943.20 an ounce.
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